China
Chengdu Kobelco Construction Machinery (Group) has obtained a Rmb400 million one-year revolver through sole bookrunner and mandated lead arranger Mizuho.
The facility is secured by Chengdu Kobelco Construction Machinery and Hangzhou Kobelco Construction Machinery.
Final allocations saw the lead commit Rmb156 million while Bank of Tokyo-Mitsubishi UFJ came in with Rmb132 million as lender. SMBC concluded the syndicate with Rmb112 million.
Proceeds are for general corporate purposes.
India
Adani Enterprises has secured a Rs4.2 billion eight-year and four-month revolving-term loan through sole bookrunner and mandated lead arranger Axis Bank.
Final allocations saw the lead commit Rs1.9 billion while Syndicate Bank came in with Rs1.8 billion as participant. Karnataka Bank concluded the syndicate with Rs500 million.
Proceeds are to refinance outstanding letter of credit facilities.
Indonesia
Ciputra Adigraha has inked a IDR550 million eight-year and one-month term loan through sole bookrunner and mandated lead arranger Bank Mandiri.
The facility is split into two IDR275 million tranches evenly.
Final allocations saw the lead provide IDR200 million while Bank Syariah Mandiri joined in with IDR275 million as participant. Bank Jateng came in with IDR75 million.
Proceeds are to support the development of office tower.
Tower Bersama Infrastructure has signed a $1 billion financing on a tiered-club basis through mandated lead arrangers ANZ, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, CIMB, Credit Agricole, DBS, HSBC, OCBC, SMBC and UOB.
CTBC bank is the arranger for the loan.
Proceeds are for working capital purposes.
Singapore
Harmony Convention Holdings has obtained a S$368 million five-year facility on a club basis through mandated lead arrangers Bank of China, CIMB, DBS, Standard Chartered and UOB.
The facility comprises of a S$366 million term loan and a S$2 million bank guarantee.
Proceeds are for refinancing and general corporate purposes.
Nine Battery has secured a S$315 million five-year and four-month term loan on a club basis through mandated lead arrangers OCBC and UOB.
Proceeds are to support the acquisition of Straits Trading Building from Straits Trading by Legend Investment Holding.
Olam International has completed a $2.5 billion facility on a tiered-club basis through senior mandated lead arrangers ANZ, BBVA, Barclays, BNP Paribas, Commerzbank, DBS, HSBC, ING, JPMorgan Chase Bank, Mizuho, NAB, Natixis, Standard Chartered and RBS.
The financing is split into three $825 million tranches with tenors of one, two and three years, respectively.
Syndication saw Commonwealth Bank of Australia, Credit Suisse, Deutsche Bank, Rabobank and Westpac took the role as mandated lead arrangers.
Proceeds are to refinance an existing $2.2 billion facility signed in May 2014.
SEEK Asia Investments and SEEK Asia have obtained a $125 million-equivalent four-year term loan through bookrunners and mandated lead arrangers CIMB and HSBC.
The facility comprises of a $75 million- equivalent S$ tranche and a $50 million- equivalent HK$ portion.
Syndication saw ANZ and NAB join in as mandated lead arrangers.
Proceeds are to support the acquisition of Jobstreet.
Taiwan
Architecture World has inked a NT$660 million three-year term loan through sole bookrunner and mandated lead arranger Taishin International Bank.
The debt package comprises of a NT$380 million tranche and a NT$280 million portion.
Final allocations saw the lead commit NT$460 million while Bank of Panhsin joined in with NT$200 million as co-arranger.
Proceeds are to refinance existing bilateral facilities and to support construction costs.
